T. Rowe Price publishes Q3 2026 earnings call transcript
TROW•T. Rowe Price reported $28.3 billion in net outflows in the third quarter, while adjusted diluted earnings rose to $2.86 per share and adjusted net revenue increased 5.3% to $2 billion. ETF net inflows were $3.8 billion, and the company expects fourth-quarter outflows to moderate but remain elevated.
1. Third-quarter results
T. Rowe Price’s October 29 earnings call featured Rob Sharps, Jen Dardis, Dee Sawyer and Eric Veiel. Net outflows totaled $28.3 billion. Adjusted diluted earnings rose to $2.86 per share from $2.81 a year earlier, and adjusted net revenue increased 5.3% to $2 billion.
2. Outflows and ETFs
Management expects fourth-quarter outflows to moderate but remain elevated, citing persistent pressure on active equities. ETF net inflows reached $3.8 billion, bringing year-to-date inflows to $11 billion as management expands distribution.
3. Planned acquisition
T. Rowe Price expects its planned acquisition of F/m Investments, which manages approximately $20 billion, to close in early 2027 and expand fixed-income capabilities.
